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Entrepreneur Tips

5 Big Ways Small Businesses Waste Money

Nobody wants to see their dream go up in flames, but that’s precisely what can happen to small business owners who burn money on unnecessary expenses. In this article, we go over 5 big ways small businesses waste money so you can avoid making these costly mistakes.  1. Office Space We get it; having an…

The Reality of Entrepreneurship: What to Expect

So you’re tired of the 9-5 grind and you want to be your own boss. Welcome to the club of over 31 million American entrepreneurs! But before you make that leap, you should be prepared for the reality of entrepreneurship, because truth be told, it’s a lot different than what’s shown on TV. The problem…

Why You Should Use Inventory Management Software

Did you know that poor inventory management is one of the top eight reasons why businesses fail? Furthermore, did you know that 43% of small businesses do not track their inventory or use a manual process? Statistically speaking, that’s a lot of small businesses that are doomed to fail.  We don’t say this to scare…

Virtual Bookkeeping Service: 5 Key Advantages

“I love doing my own bookkeeping!” said no entrepreneur, ever. Enter: virtual bookkeeping—the easiest, quickest, and cheapest way to offload this loathsome task onto someone else. Best of all, you’ll never even have to look that poor soul in the eye. In all seriousness, virtual bookkeeping has a unique set of advantages that differ from…

8 Bookkeeping Mistakes That Can Cripple Small Businesses

Many small business owners view bookkeeping as a necessary evil. But the truth is, bookkeeping can either be your greatest friend or your biggest foe. When done correctly, accurate financial records can be used to measure success and guide future business decisions. When done incorrectly, however, the consequences can be severe, with penalties that may…

How to Value Your Time as an Entrepreneur

This is a guest post from Graphic Rhythm Designs.  Why did you start your venture? If you’re like most entrepreneurs, then it was one of the following reasons: You wanted freedom from your routine, You were passionate about an idea and wanted to bring it to life, You desired to make more money than you…

Amazon Seller Bookkeeping Book is Now Live on Kindle!

After hitting just over 100 Amazon seller clients I felt like we were pretty well qualified to write a book on how to do bookkeeping for Amazon sellers! We have mostly FBA private label sellers, but also a good mix of wholesale, retail arbitrage and multi-channel sellers we work with. Very few other accounting firms…

Understanding Inventory Management: An Accountant’s Perspective

Prior to my current role in software implementation, I worked as a bookkeeper while getting a degree in Accounting. After graduation, I really had a passion for cost accounting and wanted to work with businesses to help get their inventory and processes under control. Now, I work with many small to mid-sized businesses to implement…

Hidden Expenses Growth-Hungry Startups Need to Be Aware Of

One of the most prominent definitions of ‘startup’ term was coined by Paul Graham, a programmer, entrepreneur and an essayist. While most other theoreticians tried to connect ‘startup’ word with advanced technologies or newly founded companies, he said that startup enterprises are those that are designed to grow fast. This fast company growth is in…